About 404 S Ridgewood Avenue
DEAL ALERT -- List Price: $1,650,000 All-Cash / 45-Day Close: $1,500,000 NET TO SELLER • All Furnishings Included (~$100K Value) The Seller Has Done the Negotiation For You. This Is the Number. There Is No Counter. PROPERTY OVERVIEW: This is one of the rarest, immediately cash-flowing real estate portfolio opportunities to hit the Daytona Beach market -- a fully renovated, income-producing trifecta of historic, co-living, and single-family residential assets sitting on 1.5 acres with 164 feet of US-1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all-cash, the buyer is acquiring 16,700 sq-ft of renovated, stabilized income property at under $90 per square foot -- a number that simply does not exist anywhere else in this market for assets of this quality. The portfolio consists of three fully renovated buildings on five contiguous T-2 zoned parcels, generating current income today while offering multiple value-add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net -- bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.
Features of 404 S Ridgewood Avenue
| MLS® # | 1213963 |
|---|---|
| Price | $1,650,000 |
| Bedrooms | 30 |
| Bathrooms | 12.00 |
| Full Baths | 12 |
| Square Footage | 16,700 |
| Acres | 1.50 |
| Year Built | 1901 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 404 S Ridgewood Avenue |
|---|---|
| Area | 32 - Daytona Beville to ISB, E of 95 |
| Subdivision | Other |
| City | Daytona Beach |
| County | Volusia |
| State | FL |
| Zip Code | 32114 |
Amenities
| Utilities | Cable Available, Electricity Connected, Water Connected |
|---|---|
| Parking | Guest, Parking Lot |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Wood |
|---|---|
| Appliances | Convection Oven, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer Stacked |
| Heating | Central, Electric, Separate Meters, Zoned |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 3 |
| Stories | Three Or More |
Exterior
| Lot Description | Corner Lot, Few Trees, Historic Area |
|---|---|
| Roof | Shingle |
| Construction | Brick, Frame, Vinyl Siding, Wood Siding |
School Information
| Middle | Campbell |
|---|---|
| High | Mainland |
Additional Information
| Zoning | Residential/Office |
|---|
Listing Details
| Office | Adams, Cameron & Co., Realtors |
|---|